Answer:
D.) $244.80
Step-by-step explanation:
A price increase means a hike in price of something.
In this case, if the original price of this item = $240
and there is a price increase by 2% or 0.02,
converted to dollars, this means that the price of the item increased by;
0.02*240 = $4.8
Next, knowing the price increase in dollars and the original price of $240, sum them up to get the new price of the item;
$240 + $4.8 = $244.8
